Sintered Steel Market Updates by 2031
The Sintered Steel Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The report is segmented by material (stainless steel, carbon steel and others). The report further presents analysis based on application (automotive, electrical, industrial machinery and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Sintered Steel Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Sintered Steel Market Segmentation
Material- Stainless Steel
- Carbon Steel and Others
- Automotive
- Electrical
- Industrial Machinery and Others
Strategic Insights
Sintered Steel Market Growth Drivers- Demand from the automotive sector: The automotive sector remains a crucial catalyst in the growth of the sintered steel market. Engine parts, transmission parts, and other automotive brackets are increasingly manufactured using sintered steel because of the materials’ strength, toughness, and affordability. However, the major driving factor for sintered steel is its use in automotive applications thanks to its lightweight characteristic that provides a favorable strength-to-weight ratio. With the growth of electric vehicles (EVs) and other innovations, it is most likely that the applications for engineered performance sintered steel will also be on the rise.
- Adoption from the aerospace sector: Moreover, the aerospace sector is another important consumer of sintered steel as it fabricates particular components that demonstrate high strength and are exposed to extreme conditions. Resistant to stress and thermal extremes, sintered steel is ideal for use in aircraft engines, landing gears, and internal stiffness components. With the recovery and expansion of air travel after COVID-19, more and more lightweight but strong materials in airplane parts will likely contribute to the uptake in demand of the sintered steel market.
- Growth of the construction industry: Construction is also a booming industry, especially in developing nations. Application of sintered steel is on an upward trend in the construction industry too with structural parts fastening elements and machinery. Other factors promoting the use of this material in many construction jobs include its availability if high strength, good resistance to corrosion as well as accessible fabrication. Due to the increasing rate of urbanization and infrastructure development worldwide, the use of sintered steel is expected to focus more on construction works.
- Innovations in manufacturing processes: New technologies that have come up especially in the manufacturing processes, such as Metal Injection Molding (MIM) and additive manufacturing, are making it possible for manufacturers to produce sintered steel better. These processes facilitate intricate shapes and enhanced material properties, improving manufacturing efficiencies and minimizing manufacturing waste. The manufacturers are now embracing the advanced processes because it is likely that the quality along with the performance of the sintered steel products, will get even better. Therefore it can be expected that this will accelerate the market growth.
- Shift towards sustainable manufacturing practices: There seems to be a global sustainable outlook in the sintered steel market, fuelled by the shift towards more toxicity-free production approaches, incorporating wastes and utilizing less energy in manufacturing processes. With many industries focused more on conserving the environment, the trend of using sintered steel manufactured through eco-friendly means is likely to become more popular. The market actors implementing sustainable means can become more competitive while winning the hearts of green consumers.
- Strategic initiatives by manufacturers: There is also a noticeable trend in the sintered steel market towards forming various strategic alliances and partnerships to complement the strengths of both companies and innovate simultaneously. Most of these collaborations are associated with joint ventures in the field of research and development to create new or enhance existing products. Cooperation with research institutes and specialty companies allows manufacturers to speed up the introduction of new advanced sintered steel solutions in the modern industrial sector.
- Customization options: Manufacturers increasingly have the chance to create custom-designed sintered steels for particular needs and standards of industries. Companies can offer such proprietary mixes and solutions that could differ from heat treatment or coating to composition of the alloy itself, enhancing their competitiveness to address the demands of various sectors, for example, automotive, aerospace, building, and construction.
- Growing demand from Asia Pacific and Latin America: Expansion strategies in the sintered steel market advanced particularly into the Asia-Pacific and Latin American regions, which are still considered emerging markets. A robust industrialization and urbanization process characterizes these regions. Therefore, the requirements for high-performance materials are predicted to increase across multiple sectors. This expansion can be achieved by setting up regional production plants and alliances with local companies.
- Potential applications from consumer goods: Sintered steel has the potential for expansion to new markets as other sectors, like consumer goods, will start appreciating the material's ease of use. The similar advantages of this material include the manufacture of precision fitting components in medical devices and robust cutleries appliances. Producers can expand their range of products and advance into new markets by seeking these other uses.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Sintered Steel Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Sintered Steel Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Sintered Steel Market is estimated to witness a CAGR of 4% from 2023 to 2031
Rising demand in the automotive sector is driving the market growth
Griggs Steel; Atlas Pressed Metals; Sumitomo Electric Industries, Ltd; Miba AG; SMC Corporation of America are some of the key players operating in the sintered steel market
On the basis of geography, the sintered steel market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Advancement in manufacturing processes is expected to be the key market trends
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sintered Steel Market - By Type
1.3.2 Sintered Steel Market - By Application
1.3.3 Sintered Steel Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SINTERED STEEL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SINTERED STEEL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SINTERED STEEL MARKET - GLOBAL MARKET ANALYSIS
6.1. SINTERED STEEL - GLOBAL MARKET OVERVIEW
6.2. SINTERED STEEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SINTERED STEEL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STAINLESS STEEL
7.3.1. Overview
7.3.2. Stainless Steel Market Forecast and Analysis
7.4. ALLOY STEEL
7.4.1. Overview
7.4.2. Alloy Steel Market Forecast and Analysis
7.5. TOOL STEEL
7.5.1. Overview
7.5.2. Tool Steel Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SINTERED STEEL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. MACHINERY AND TOOLS
8.4.1. Overview
8.4.2. Machinery and Tools Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. SINTERED STEEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sintered Steel Market Overview
9.1.2 North America Sintered Steel Market Forecasts and Analysis
9.1.3 North America Sintered Steel Market Forecasts and Analysis - By Type
9.1.4 North America Sintered Steel Market Forecasts and Analysis - By Application
9.1.5 North America Sintered Steel Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sintered Steel Market
9.1.5.1.1 United States Sintered Steel Market by Type
9.1.5.1.2 United States Sintered Steel Market by Application
9.1.5.2 Canada Sintered Steel Market
9.1.5.2.1 Canada Sintered Steel Market by Type
9.1.5.2.2 Canada Sintered Steel Market by Application
9.1.5.3 Mexico Sintered Steel Market
9.1.5.3.1 Mexico Sintered Steel Market by Type
9.1.5.3.2 Mexico Sintered Steel Market by Application
9.2. EUROPE
9.2.1 Europe Sintered Steel Market Overview
9.2.2 Europe Sintered Steel Market Forecasts and Analysis
9.2.3 Europe Sintered Steel Market Forecasts and Analysis - By Type
9.2.4 Europe Sintered Steel Market Forecasts and Analysis - By Application
9.2.5 Europe Sintered Steel Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sintered Steel Market
9.2.5.1.1 Germany Sintered Steel Market by Type
9.2.5.1.2 Germany Sintered Steel Market by Application
9.2.5.2 France Sintered Steel Market
9.2.5.2.1 France Sintered Steel Market by Type
9.2.5.2.2 France Sintered Steel Market by Application
9.2.5.3 Italy Sintered Steel Market
9.2.5.3.1 Italy Sintered Steel Market by Type
9.2.5.3.2 Italy Sintered Steel Market by Application
9.2.5.4 United Kingdom Sintered Steel Market
9.2.5.4.1 United Kingdom Sintered Steel Market by Type
9.2.5.4.2 United Kingdom Sintered Steel Market by Application
9.2.5.5 Russia Sintered Steel Market
9.2.5.5.1 Russia Sintered Steel Market by Type
9.2.5.5.2 Russia Sintered Steel Market by Application
9.2.5.6 Rest of Europe Sintered Steel Market
9.2.5.6.1 Rest of Europe Sintered Steel Market by Type
9.2.5.6.2 Rest of Europe Sintered Steel Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sintered Steel Market Overview
9.3.2 Asia-Pacific Sintered Steel Market Forecasts and Analysis
9.3.3 Asia-Pacific Sintered Steel Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Sintered Steel Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Sintered Steel Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sintered Steel Market
9.3.5.1.1 Australia Sintered Steel Market by Type
9.3.5.1.2 Australia Sintered Steel Market by Application
9.3.5.2 China Sintered Steel Market
9.3.5.2.1 China Sintered Steel Market by Type
9.3.5.2.2 China Sintered Steel Market by Application
9.3.5.3 India Sintered Steel Market
9.3.5.3.1 India Sintered Steel Market by Type
9.3.5.3.2 India Sintered Steel Market by Application
9.3.5.4 Japan Sintered Steel Market
9.3.5.4.1 Japan Sintered Steel Market by Type
9.3.5.4.2 Japan Sintered Steel Market by Application
9.3.5.5 South Korea Sintered Steel Market
9.3.5.5.1 South Korea Sintered Steel Market by Type
9.3.5.5.2 South Korea Sintered Steel Market by Application
9.3.5.6 Rest of Asia-Pacific Sintered Steel Market
9.3.5.6.1 Rest of Asia-Pacific Sintered Steel Market by Type
9.3.5.6.2 Rest of Asia-Pacific Sintered Steel Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sintered Steel Market Overview
9.4.2 Middle East and Africa Sintered Steel Market Forecasts and Analysis
9.4.3 Middle East and Africa Sintered Steel Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Sintered Steel Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Sintered Steel Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sintered Steel Market
9.4.5.1.1 South Africa Sintered Steel Market by Type
9.4.5.1.2 South Africa Sintered Steel Market by Application
9.4.5.2 Saudi Arabia Sintered Steel Market
9.4.5.2.1 Saudi Arabia Sintered Steel Market by Type
9.4.5.2.2 Saudi Arabia Sintered Steel Market by Application
9.4.5.3 U.A.E Sintered Steel Market
9.4.5.3.1 U.A.E Sintered Steel Market by Type
9.4.5.3.2 U.A.E Sintered Steel Market by Application
9.4.5.4 Rest of Middle East and Africa Sintered Steel Market
9.4.5.4.1 Rest of Middle East and Africa Sintered Steel Market by Type
9.4.5.4.2 Rest of Middle East and Africa Sintered Steel Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sintered Steel Market Overview
9.5.2 South and Central America Sintered Steel Market Forecasts and Analysis
9.5.3 South and Central America Sintered Steel Market Forecasts and Analysis - By Type
9.5.4 South and Central America Sintered Steel Market Forecasts and Analysis - By Application
9.5.5 South and Central America Sintered Steel Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sintered Steel Market
9.5.5.1.1 Brazil Sintered Steel Market by Type
9.5.5.1.2 Brazil Sintered Steel Market by Application
9.5.5.2 Argentina Sintered Steel Market
9.5.5.2.1 Argentina Sintered Steel Market by Type
9.5.5.2.2 Argentina Sintered Steel Market by Application
9.5.5.3 Rest of South and Central America Sintered Steel Market
9.5.5.3.1 Rest of South and Central America Sintered Steel Market by Type
9.5.5.3.2 Rest of South and Central America Sintered Steel Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SINTERED STEEL MARKET, KEY COMPANY PROFILES
11.1. SUMITOMO ELECTRIC INDUSTRIES LIMITED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GKN PLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SAMVARDHANA MOTHERSON GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HITACHI CHEMICAL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. THE MIBA GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ASCO SINTERING CO.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SINTERCOM INDIA LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. AMES SINTERING METALLIC COMPONENTS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCHUNK SINTER METALS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SSI SINTERED SPECIALTIES, LLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Sumitomo Electric Industries Limited
2. GKN PLC
3. Samvardhana Motherson Group
4. Hitachi Chemical
5. The Miba Group
6. ASCO Sintering Co.
7. Sintercom India Ltd.
8. AMES Sintering Metallic Components
9. Schunk Sinter Metals
10. SSI Sintered Specialties, LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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